WTO WTO PRESENTED BYPRESENTED BY

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PRAKASH BHENADA PRAKASH BHENADA BBA 4BBA 4thth SEM. SEM.

INTRODUTION• ’’Wto deals with the global rule of trade

between nation. Ti is main functions is to

ensure that trade flows as smoothly predictably and freely as possible’’

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WTO HISTORY AND GOALS

• It was established on jan1st 1995 by replacing GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)

• It goals is improve the welfare of the peoples of the member countries.

• There are currently 157member in WTO.• designed to supervise , liberalize international

trade.• Headquarter is located in geneva switzendand

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FACT FILE• LOCATION - GENEVA SWITZERLAND• ESTABLISHED – 1 JAN 1995• CREATED BY – URUGUAY ROUND • NEGOTIATION (1986-94) • MEMBERSHIP – 157 COUNTRIES • BUDGET – 196 MILLION SWIZS • FRANCS FOR 2011• HEAD - PASCAL LAMY (DRIECTOR GEN.)

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FUNCTION Administering WTO trade agreements. Forum for trade negotiations handling trade disputes Monitoring national trade policies Technical assistance and training for

developing countries Cooperation with other international

organizations

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WTO Objectives:• Raising standards of living• Ensuring full employment• Ensuring growth of real income and

demand• Expanding production and trade• Sustainable development• Protection of the environment

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WTO: Basic principles• Trade without discrimination• Predictable and growing access to

market• Undistorted, “fair” competition• Special and Differential Treatment(SDT)• Transparency

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GATT

• GATT is the predecessor of WTO

• Born in 1948 as a result of international desire to liberalize trade

• Lasted until 1994, when it was replaced WTO

WTO

• World Trade Organization

• The organization officially commenced on jan 1st,1995

• Deals with regulation of trade between participating countries

• The WTO has 157 members

• Headquarters is the geneva swizerland

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Ministerial Conference

Secretariat

Appellate Body

Dispute Settlement

Panels

Committees Committees

Goods Council Services Council

TRIPS Council

CTD (Development)CTE (Environment)CRTA (Regionalism)

BOPBudget

WG (Accessions, Investment, competition,

Government Procurement)

General CouncilTPRB DSB

Director-General

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ARGUMENT IN FAVOUR OF WTO

• Increase in foreign trade.• Increase in agricultural exports.• Increase in inflow of foreign

investment.• Improvement in services.• Benefits for clothing & textile industry. • Inflow of better technology & better

quality

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Benefits of WTO • System helps to keep peace• Handel Disputes constructively • Based on rules rather than power• Freer trade cuts the cost of living• Give more choices and range to

consumers

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PURPOSE

Ensuring that global trade commences smoothly, freely and predictably. The WTO creates and embodies the legal ground rules for global trade among member nations and thus offers a system for international commerce

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CONCLUSION It will be able to help weak and poor

countries. If it frames articles or roles for the trande between strong and weak countries

There are few rules to adjust the disadvantage that weak countries taking but it is not still helful.

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